Nigeria Bond Bounce Back After Buhari Presidential Election Victory

0
President Muhammadu Buhari at Uyo Campaign rally

Nigeria’s dollar-denominated government bonds rose to 5-7 month highs on Wednesday after Muhammadu Buhari won a second term at the helm of Africa’s largest economy and top oil producer.

The country’s longer-dated bonds were up as much as 0.8 cents in the dollar to extend a more than 10 cents rally since the start of the year.

Leave a Reply